Fiscal deficit of India improves to 6.7% in FY22

Fiscal deficit of India for 2021-22 has improved to 6.71% of the GDP over the revised budget estimate of 6.9% mainly on account of higher tax realisation.

The fiscal deficit in the absolute terms was Rs 15,86,537 crore (provisional). The finance ministry had estimated the deficit at Rs 15,91,089 crore or 6.9 per cent of GDP in February 2022. The tax receipts were at Rs 18.2 trillion and the total expenditure too was higher at Rs 37.94 trillion.